Question ID : 1175

Capital or Revenue Expenditure- Abondoned Project

Whether Capital expenditure curred the nature of Pnt and Machery etc. for settg up a new project which is extension of the existg le of busess is allowed to be written off when the company abondoned the project and decided not to set up the project and also such Pnt and Machery surrendered to Customs for their demurrages recovered. No amount is received by the company on such surrender. If yes, Please kdly provide suitable case ws support of the same.
regards,

VMV SUBBA RAO
M.NO.203038
E mail: vmr@rediffmail.com '

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